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Category :
IPO
Headline :
Radiowalla Network Ltd. debuts with 58.09% premium at Rs 120.15
Date:
05/04/2024 10:30
Radiowalla Network Ltd. makes a strong debut on the bourses with scrip got listed at Rs 120.15 on the Bombay Stock Exchange, a 58.09 per cent premium to its issue price of Rs 76.00. On the National Stock Exchange, the stock was listed at Rs 120.15.
The company, which raised 0.19 Cr from initial public offering, was subscribed 346.19 times, receiving bids for 6,491.75 lakhs shares against the total issue size of 18.75 lakhs shares.
The company, listed under ST Group Securities post its IPO, opened for subscription from Mar 27 to Apr 02.
Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the NSE.
The company anticipates using the proceeds of the issue for .
Narnolia Financial Services Ltd. as lead managers & Maashitla Securities Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark NSE Nifty closed trade at 22,514.65, up 80.00 points, or 0.35 per cent.
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